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41,43, 45a & 45b Hammerton Street, Burnley, BB11 1LT

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      Location

      The property is situated on Hammerton Street in a prominent position in Burnley town centre, surrounded by a number of local retailers.

      Burnley is an established market town, with a resident population of 90,000 persons and has easy access to the M65 motorway via junctions 9 and 10.

      Description

      The property comprises a parade of retail and office buildings that provide 3 self-contained ground floor retail units with separately accessed office suites, let to various tenants on the first and second floors.

      The property is of stone built under slate roof.

      The property has been maintained to a high standard during the period of ownership by the current client.

      Parking is available in the surrounding streets.

      Accommodation

      The property provides the following floorspace:

      Retail Space  
      NumberFloorSize
      41Ground412 sq.ft
      45aGround336 sq.ft
      45bGround

      485 sq.ft

      Office Suites  
      1First130 sq.ft
      2First165 sq.ft
      3First136 sq.ft
      4First140 sq.ft
      5-6Second311 sq.ft
      8Second156 sq.ft
      9aSecond158 sq.ft
      9bSecond162 sq.ft
      10Second 350 sq.ft

      Price

      £449,950 (no VAT)

      Tenure

      Understood to be freehold

      Rating

      Each part of the property is assessed individually.

      All the rateable values in the development are below the small business rate threshold of £12,000 and therefore eligible occupiers are able to claim full business rate relief.

      EPC

      An EPC is available on request

      Planning

      The property has planning consent for retail and office use. It is situated in the Burnley Town Centre Conservation area.

      Services

      It is understood that all mains services are available to the property. Gas is currently capped off.

      Investment Details

      The property currently generates an income of £36,120 pa, however with the letting of the vacant office space this would increase to £43,360 per annum. Anticipated running costs to include repairs, management etc. are approximately £4500 per annum. See pdf schedule on website.

      Viewing

      Strictly through agents
      Taylor Weaver
      (Neil Weaver)
      01254 699030
      [email protected]

      Request Viewing